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(Canada) If a slightly lower Canadian dollar transpires in the new year, Canfor Pulp Income Fund might be able to squeeze out a higher 2008 distribution for unit holders, according to RBC Capital analyst Mark Bishop. read more »
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(China) Voracious demand for books and a crackdown on small, polluting paper mills have caused a paper crunch in China, pushing up the price of paper by 10 percent this year and forcing printers to delay books and publishers to raise prices... read more »
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(USA) In November, 2007, the TAPPI testing committee revised test method T 569 Internal Bond Strength (Scott Type) from a pm-PROVISIONAL METHOD to an om-OFFICIAL METHOD. The Provisional Method T 569 for Internal Bond was first published in 2000. In order to upgrade T 569 to Official Method status... read more »
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(China) The Metso Paper supplied newsprint line PM 9 of Guangzhou Paper in Guangdong province, China, came successfully on stream on 19th December, 2007. The new line has an annual capacity of close to 380,000 tonnes when in full production... read more »
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(USA/China) Why is this price increase good news? Because it is another glaring example of how the rush to China is a rush to trouble. Keeping costs and retail prices down by outsourcing is not a positive event. It is becoming more and more apparent that cheaper equals dangerous... read more »
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(Kazakhstan) Kazakhstan Kagazy, owner of Central Asia’s largest producer of paper, corrugated board and packaging products and one of the leading industrial real estate development companies in the country, has announced its financial results for the third quarter. read more »
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(Russia/Finland) Metso Paper will supply Mondi, Syktyvkar mill in Russia with a rebuilt white liquor plant. The rebuild will increase the capacity to 8 200 m3 of white liquor/day, improve energy efficiency and reduce emissions. The delivery will be completed in November 2008... read more »
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(India) The Pollution Control Board, Assam (PCBA) has asked the Cachar Paper Mill of Hindustan Paper Corporation Ltd (HPCL) to bring down the bio-chemical oxygen demand (BOD) level in the treated effluent to the prescribed limit i.e., 30 mg/L, by taking necessary measures to prevent pollution... read more »
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(India) “When I asked handmade paper manufacturers to make paper with elephant dung, I encountered a lot of resistance,” said Mahima Mehra (the Haathi Chaap label is her brainchild). Everyone, she said, wanted to do only what they’d always done. “Some said it was dirty work, others said it won’t... read more »
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(Finland) Stora Enso Varkaus paper machine PM 3 restarted on December 13th, 2007 after a major rebuild. The rebuilt machine will be capable of producing 315,000 metric tons of envelope paper and uncoated fine paper per year. The purpose of the rebuild was to boost both machine capacity and product.. read more »
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(USA) Moody's Investors Service said the downturn in print advertising led by classified advertisements for real estate continues to support its negative rating outlook on the US newspaper industry. The number of downgrades of newspaper issuers topped the number of upgrades for a fourth... read more »
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(USA) Fitch Ratings has affirmed Georgia-Pacific LLC's (GP) ratings. Although earnings will be modestly softer than last year, debt levels will not have noticeably grown by year-end (around an estimated 5.2 times [x] EBITDA), and as a consequence 2007's financial metrics will not have changed too read more »
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(Russia) Russia's environmental watchdog has raised the sum of a lawsuit against the Baikal pulp mill from $19.2 million to $129.3 million. read more »
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(Canada) Tembec has announced that it has gained additional support for the proposed recapitalization transaction announced on December 19, 2007... read more »
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(Finland) UPM’s Tervasaari and Caledonian paper mills have been awarded an EU Flower. The European Eco-label has been given for the envelope and bag papers of Tervasaari and the magazine paper of the Caledonian mill... read more »
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